4 ms·
Another reason to promote Binance over Coinbase Binance trully is independent Coinbase will freeze your assets the day the US doesn't like your face anymore
by Shadonototra 4y ago
Another reason to promote Binance over Coinbase
Binance trully is independent
Coinbase will freeze your assets the day the US doesn't like your face anymore
It already happened, and Coinbase is plagued with insider trading
https://news.ycombinator.com/item?id=31012462 https://news.ycombinator.com/item?id=31012462
- closewith 4y agoThe long term prospects for companies which bust US sanctions are unlikely to be good.
- toolz 4y agoNo, binance has a separate platform (that is quite different than their original platform in terms of services/products offered) for US users that is very much not independent from US influence. e.g. binance trades XMR (monero) while binance-US does not allow that coin.
- ceejayoz 4y agoYou're right; Binance has the handy "text the CEO's mother" approach if your account gets frozen. Way better. > Out of desperation he sought information online and wound up texting the mother of Binance.US CEO Catherine Coley so he could get his funds unstuck. Now, Binance is closing his account. https://www.coindesk.com/tech/2021/05/12/so-many-locked-out-binance-users-say-their-accounts-have-been-frozen-for-months/ https://www.coindesk.com/tech/2021/05/12/so-many-locked-out-...
- 323 4y ago> Crypto exchange Binance blocks Russian users targeted by sanctions > "We're blocking accounts of those on the sanctions list (if they have Binance accounts) and ensuring that all sanctions are met in full," https://www.reuters.com/technology/crypto-exchange-binance-says-it-wont-unilaterally-freeze-accounts-russia-2022-02-28/ https://www.reuters.com/technology/crypto-exchange-binance-s...